RBI: Bank credit grows at 16.1% to Rs 134.17 trillion in Feb 10 fortnight The banking system credit grew 16.1 per cent year-on-year (YoY) in the fortnight ended February 10 to Rs 134.17 trillion, latest data released by the Reserve Bank of India (RBI) showed. About a month ago (January 13 fortnight), credit growth stood ...

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E-commerce, travel transactions drive credit card spends in January The momentum in credit card spends continued in January, with spends topping Rs 1 trillion for the 11th month in a row due to a rise in e-commerce transactions and discretionary spending, including travel. According to data released by the Reserve Bank of India (RBI), credit ...

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India’s foreign exchange reserves at 11-week low, down for third week India’s foreign exchange reserves fell for the third straight week to hit an eleven-week low of $561.27 billion as of the week ended Feb. 17, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday. The reserves fell by $5.68 billion at the ...

LIC Housing vs HDFC Vs PNB housing: Who is offering best interest rates on home loans? [ad_1] Several banks have raised their home loan lending rates immediately after the Reserve Bank of India (RBI) had hiked the repo rate by 25 basis points (bps) to 6.50% in February Monetary Policy. After October 1, 2019, all floating-rate retail house loans approved ...

Senior citizen FD: Earn up to 8%; check SBI, HDFC Bank, ICICI Bank, and IDBI Bank special fixed deposit rates – FD rates hiked sharply [ad_1] Senior citizens can earn up to 0.75 per cent additional interest rates under IDBI Naman Senior Citizen Fixed Deposits. The minimum deposit under this scheme is Rs 10,000. The maximum limit will go up ...

UPI payment for international travellers: Eligibility, documents required, other key details to know [ad_1] In India, the Unified Payments Interface (UPI) is now a widely-used payment method for retail electronic transactions. Recently, the Reserve Bank of India (RBI) announced the extension of UPI to allow visitors from G20 countries to use it to make merchant payments when they are in ...

Bank of Baroda to consider all borrower requests, including Adani, on merit One of India’s biggest state-backed lenders will consider all borrower requests if the proposal meets the bank’s underwriting standards, a top official said when asked if it will consider lending to the beleaguered Adani Group. “Irrespective of borrower, you have underwriting standards and ...

EPFO Joint Declaration Facility: EPFO says online facility to submit joint option form for higher EPS pension ‘coming soon’ [ad_1] The EPFO has announced that it will be providing an online facility for employees to file a declaration opting for higher pensions jointly with their employers on the EPFO portal soon. A ticker is running on the EPFO website stating: ...